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Premier Oil (OTCMKTS:PMOIY) Shares Up 6.9% - Time to Buy?

Premier Oil logo with Energy background

Premier Oil plc (OTCMKTS:PMOIY - Get Free Report)'s stock price shot up 6.9% during mid-day trading on Thursday . The company traded as high as $2.94 and last traded at $2.94. 103 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 27,959 shares. The stock had previously closed at $2.75.

Premier Oil Stock Down 1.4%

The stock has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.75. The firm has a market capitalization of $2.66 billion, a PE ratio of 16.88 and a beta of 2.77.

Premier Oil Company Profile

(Get Free Report)

Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. As of December 31, 2019, its proved and probable reserves (2P) were 175 million barrels of oil equivalent (mmboe); and 2P and estimated contingent resources were 847 mmboe.

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